Types of gift
There are lots of different ways to include us in your will:
1. A residuary gift — All, or a percentage of, your estate after all other costs, debts and bequests have been deducted. The advantage of this type of giving is that as your assets grow, your gift to Animals Asia keeps pace.
2. A pecuniary gift — A specific sum of money, which stays the same regardless of inflation.
3. A specific gift — A gift of a particular item, such as property, antiques, bonds and stocks.
4. Contingency bequest — A gift which allows you to leaves a portion of your estate to a particular charity, if another named beneficiary predeceases you.
Here are some examples of sample wording you can pass onto your attorney:
For residuary/pecuniary/specific gifts:
"I give, devise and bequeath to Animals Asia Foundation Limited, currently located at 300 Broadway, Suite 32, San Francisco, CA 94133, Charitable Tax ID no: 31-1802788 *_______________ for its general purposes."
* insert either:
● the whole (or ...%) of the rest, residue and remainder of my estate
● the sum of $________
● [details of particular asset/specific gift]
For a contingency bequest:
"If any of the above-named beneficiaries should predecease me, I hereby bequeath his/her share to Animals Asia Foundation Limited, currently located at 300 Broadway, Suite 32, San Francisco, CA 94133, Charitable Tax ID no: 31-1802788 to be used for its general purposes."
What about living trusts?
Another way you can remember Animals Asia is by naming us as a beneficiary in your life insurance policy, either with a percentage of the insurance policy or for the full amount of the policy. (e.g. 75 per cent to a family member, 25 per cent to Animals Asia Foundation).
What about estate tax?
If your estate is larger it may be subject to estate tax. Your gift to Animals Asia entitles your estate to an unlimited federal estate tax charitable deduction for the gift's full value.